You might be wondering when comparing Medicare Advantage Plans you should choose for the year 2013. Picking the right kind of advantage plan to go along with you Medicare policy can be a tricky task. Here are some general tips you should keep in mind before you start to Compare Medicare Advantage Plans 2013:
You will have many Medicare Advantage Plans in 2013 to compare from. All you need to do is be patient and indulge yourself in Insurance Shopping.
A Guide on How to Compare Medicare Advantage Plans 2013
You need to start comparing Medicare Advantage Plans 2013 regardless of whether you are going in for a new registration or just shifting towards a new one. The open enrollment period starts from 15th October 2012 and continues up to 7th December 2012. You can enroll or change Plans within this period to settle for a new Plan effective from 1st January 2013. Medicare Advantage Plans (Medicare Part C) are offered by private insurance companies and they cover the benefits of Medicare Part A and Medicare Part B. Advantage Plans also have drug coverage at times depending on the type of plan chosen by the policy holder. It should be noted that one cannot buy a Medigap (or Medicare Supplemental Insurance Plan) if you have do not have an existing Medicare Advantage.
What you should Know When You Compare?
There is a three-plan document that you need to consider while buying Advantage Plans of Medicare for 2017:
Summary of benefits has all the details of the Plan; it consists of a breakdown of all the services that are covered by the Advantage Plan and the costs attached to it. It gives you the nitty-gritty details of the Plan.
Plans in the Provider Directory include HMO, PPO etc. You should not just settle for finding a Primary Physician in the network but also take a look at the hospitals and the auxiliary facilities that come with it. Make sure there is no possibility of surprises mid-yearwhen you discover certain health care services that are not covered by the plan.
Plans Formulary consists of the list of drugs that are covered by the Plan. While checking the formulary if you see that your drugs are not covered you should move on to another Plan. You should also look at other options such as deductibles and cost sharing in the Formulary plan. Then go on to compare the extra benefits that come with plan. These may include gym membership or discounts on vision, hearing or dental or other auxiliary medical services.